With record-low unemployment, Virginia has an enormous need for workers to fill an estimated 300,000 open jobs, according to Governor Glenn Youngkin, who has asked business and education leaders for transformational ideas that will help fill these jobs quickly.
It’s a daunting task. Not only is Virginia’s jobless rate just 2.5 percent, labor market participation rates cratered during the pandemic, and have not recovered. Today just 64 percent of working age Virginia adults are actively working or seeking a job.
“Virginia faces a unique moment,” said VCCS Interim Chancellor Sharon Morrissey. “Employers are desperate to hire and searching for qualified workers. Billions of dollars of economic activity in the commonwealth are at stake. To do our part to address the need, we’re proposing a plan we call HIRE Virginia.”
Dr. Morrissey presented HIRE Virginia to the VCCS State Board last week, and the Board endorsed the plan unanimously.
“This program is a business-minded approach to accelerate the training, credentialing, and placement of Virginia residents in available, good-paying jobs,” said Board Chair Douglas Garcia. “The initiative focuses on unfilled middle-skill jobs, with the understanding that time is of the essence for their
training and placement in open positions.”
The essential big numbers:
HIRE Virginia seeks an investment from the state of $250 million over three years, including $44 million in the budget year that begins next July. The program will fill 75,000 open jobs across the Commonwealth with newly trained and qualified Virginia workers
HIRE Virginia’s Key Components:
More realistic state funding for Virginia’s Community Colleges is overdue. In General Fund appropriations, VCCS ranks at the very bottom of 20 Virginia colleges and universities for in-state FTE student reimbursement (FY 2020). Compared to community college investments in other states, Virginia ranks in the bottom third, below North Carolina.
The governor is expected to lay out his budget plans to Virginia lawmakers December 15. The next session of the General Assembly begins January 11.